United States News

US economy growth falls back

Economic growth in the US slowed to an annualised 2.2 per cent during the first quarter, from three per cent in the last three months of 2011, reports the BBC.
The figure was less than the 2.5 per cent which economists had forecast and equates to 0.5 per cent growth quarter on quarter. The US Commerce Department stated that gross domestic...

Federal Reserve increases 2012 growth targets

Interest rate setters from the Federal Reserve have increased their forecasts for economic growth in the US this year, reports the BBC.
They are anticipating growth between 2.4 per cent and 2.9 per cent, a rise from January’s projection of between 2.2 per cent and 2.7 per cent. In addition, they have lowered their expectation for the...

US Federal Reserve remains concerned over growth

The US central bank has admitted concerns that the employment gains seen recently could dissipate if growth is unable to pick up, reports the BBC.
The minutes of the Federal Reserve’s March meeting revealed that some members within the organisation perceived a non-negligible risk that gains in employment of late may diminish as 2012...

Dollar up as Fed easing looks unlikely

As prospects for a new wave of Federal Reserve easing have faded after positive jobs data from the US, the dollar hit a seven-week high against many other currencies on Wednesday and was broadly firmer in Asia. As the majority of American banks passed the Fed’s annual stress test yesterday, risk-takers were also provided with some comfort....